Daily News: August 14, 2012

Porter Capital Closes Four Transactions in July


Porter Capital Corporation, a division of the Porter Capital Group specializing in A/R financing, closed the following deals in July. The deals include:

  • a $50,000 factoring facility for a distributor of specialty office products located in Mississippi

  • a $500,000 factoring facility for a truck repair and parts distribution business in Arkansas

  • a $1 million factoring facility to a an IT services company in Texas

  • a $2 million factoring facility for an importer and distributor of ladies apparel in Colorado

    The Porter Capital Group specializes in customized funding packages for small- and medium-sized businesses throughout the U.S.